That's just plain condescending, and unless there was some reasonable explanation that came with it, it was obnoxious as well.As for the lender, that may be reasonable.

PageName=CustomPage13.xCheck this link out for more explanation.

I appreciate and understand (basically) the scope of work thanks to your eloquent explanation.

I'm also waiting for an explanation from them on a $24.99 "cure fee".

I am looking to send a very basic message to someone with a postcard, like "Earn 10% with your principal secured"...go to [my web site]Then the site will have a video and an in depth explanation of the investment.

Other than reading articles online, base from experience of real people, laws, and how terms are applied in real life situations, i find investopedia.com to be a good guide as well for explanation and definitions of terms in RE that you might find difficult to understand.

I totally agree that the loan associated with that purchase will be scrutinized very closely, will almost always require two separate appraisals, both ordered by the lender, and a letter of explanation on how the property was acquired for such a low price along with an itemized list of repairs completed may also be necessary.

I tell my investor clients to buy 3 to 5 properties in one market then diversify into other geographically different markets.

Jon, the whole Medicaid Medicare explanation was spot on.

All thanks for the info.. especially @dion excellent explanation.